Does anybody have a 900 credit score?

Q: What happens if you have 900 credit score?

If you have an exceptional FICO® Score, youll likely find lenders competing for your business, with attractive loan and credit card offers. Youll also probably have multiple low-interest options when applying for a car loan or mortgage. Higher borrowing limits.

Having good credit has become increasingly important. You credit score is linked not only to the interest rate you will receive but also to whether or not you can buy a home, purchase a car or get a new credit card. In many cases your credit score is now even being used to calculate risk for automobile insurance. Simply put, a great credit score will save you money, and over your lifetime a lot of it. Getting a near-perfect credit score is challenging, but not impossible. If you are looking to get a score of 900 the following steps will help you achieve your goal.

Table of Contents Show

Get Your Credit Report
Review Your Credit Report
Establish Bank Accounts
Maintain a Variety of Accounts
Keep Your Credit Current
Live Within Your Means
Monitor Your Credit
Can someone have a 900 credit score?
What happens if you have 900 credit score?
Is a 950 credit score possible?
Can you have a 910 credit score?

Get Your Credit Report

Obtain a copy of your credit report and your credit score. You can get these both on the Internet. You can get your report free once a year, but to get your score you will need to pay. The cost is $39.99 for a report from each of the three major reporting agencies: Equifax, Experian and TransUnion. Your credit scores can range from 300 to 950 points, depending on the report. It is important to note that some agencies use a model that only reaches 850, which means you'd never be able to get a score of 900 with that agency.

Review Your Credit Report

Carefully look over your reports. If you find errors you will need to file a dispute with your credit company and work to get the errors corrected. Getting errors off your report will raise you score.

Establish Bank Accounts

If you do not have a checking and savings account, go to a bank and open them. Responsibly maintaining these accounts shows stability and helps with your overall score.

Maintain a Variety of Accounts

Always make sure you have a mix of credit accounts. You will need both revolving credit and installment loans to achieve a 900 score. Revolving credit includes your credit cards and lines of credit. Installment loans are your automobile loans, personal loans, mortgages, etc.

Keep Your Credit Current

Follow certain rules in regards to your credit card if you wish to reach a score of 900. Always pay your bill early and in full. Pay the bill as soon as it arrives, if possible. Use your cards (and pay them off) every month to demonstrate responsibility, but never charge more than 10 percent of your credit limit. Ask for increases in the credit limit at least once a year and never close an account once it has been opened.

Live Within Your Means

Never accumulate more debt than what you can truly pay. When mortgaging a home or taking out a car loan always make sure you will easily be able to make the monthly payment. Be sure to pay all of your installment loans on time every month.

Never "max out" any credit card or lines of credit that you have. If you are someone who has trouble remembering to pay bills on time, set up automatic payments or keep a calendar to indicate when bills are due. Even one late payment can keep you from a great credit rating.

Understand that building to a credit score of 900 takes time and a lot of it. It will take you years of complete consistency to achieve a 900 credit score.Besides paying your revolving credit and your installment loans on time, you will also need to pay all other bills on time, including gas, electric, cable, medical bills, etc. Never let any bills go to collections, as this can greatly affect your credit report and keep you from getting a high score.

Monitor Your Credit

Take the time to monitor your report on a regular basis. This way you'll be able to spot mistakes as soon as they happen and take the appropriate steps to have those mistakes corrected on your report.

References

Bankrate: 7 Ways to Improve Your Credit Score
Experian: What Is the Highest Credit Score Possible?
My FICO: How to Repair my Credit and Improve My FICO Scores
CreditCards.com: Credit limit tricks: Keep a High Score While Still Using Your Card
CreditCards.com: FICO's 5 Factors: The Components of a Credit Score
Consumer Financial Protection Bureau. "3 Common Credit Issues and What You Can Do to Fix Them." Accessed May 12, 2020.
Debt.org. "Secured Credit Cards." Accessed May 12, 2020.
Consumer Financial Protection Bureau. "Six Tips to Consider When You’re Offered a Retail Store Credit Card." Accessed May 12, 2020.
Experian. "Will Being an Authorized User Help My Credit?" Accessed May 12, 2020.
Federal Trade Commission. "Co-signing a Loan." Accessed May 12, 2020.
My FICO. "What's in my FICO® Scores?" Accessed May 12, 2020.
Consumer Financial Protection Bureau. "How Do I Get and Keep a Good Credit Score?" Accessed May 12, 2020.
Federal Trade Commision. "Payday Loans." Accessed May 12, 2020.
Experian. "How Long Do Late Payments Stay on Credit Reports?" Accessed May 12, 2020.
Experian. "Inactive Credit Card: Use it or Lose it?" Accessed May 12, 2020.
Federal Trade Commission. "Disputing Errors on Credit Reports." Accessed May 12, 2020.
Federal Trade Commission. "Free Credit Reports." Accessed May 12, 2020.
Consumer.gov. "Your Credit History." Accessed May 12, 2020.

Resources

AnnualCreditReport.com: How to Check Your Credit Report

Tips

Never "max out" any credit card or lines of credit that you have.
If you are someone who has trouble remembering to pay bills on time, set up automatic payments or keep a calendar to indicate when bills are due. Even one late payment can keep you from a great credit rating.
Understand that building to a credit score of 900 takes time and a lot of it. It will take you years of complete consistency to achieve a 900 credit score.
Besides paying your revolving credit and your installment loans on time, you will also need to pay all other bills on time, including gas, electric, cable, medical bills, etc. Never let any bills go to collections, as this can greatly affect your credit report and keep you from getting a high score.

Writer Bio

Debbie Dragon has been writing since 2003. She graduated from the College of Saint Rose with a Bachelor of Science degree in computer information systems and a minor in business administration. She is the co-owner of TrifectaLLC.com and ReliableWriters.com. Dragon's work has been published on hundreds of websites, including Entrepreneur.com and she has ghostwritten several books and ebooks.

Can someone have a 900 credit score?

FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.

What happens if you have 900 credit score?

If you have an exceptional FICO^® Score, you'll likely find lenders competing for your business, with attractive loan and credit card offers. You'll also probably have multiple low-interest options when applying for a car loan or mortgage. Higher borrowing limits.

Is a 950 credit score possible?

Most credit scoring systems use a scale that ranges from 300 to 850. There are, however, some credit scoring models that go up to 900 or 950, including industry-specific scores used by certain institutions.

Can you have a 910 credit score?

The highest credit score you can have on the most widely used scales is an 850. For common versions of FICO and VantageScore, the scale ranges from 300 to 850 and lenders typically consider anything above 720 excellent credit.